The private equity firm run by Tagg Romney—Mitt’s eldest son, who is now taking a leadership role in guiding his father’s presidential campaign—misled reporters last year about its involvement with a company run by men accused of taking part in a multibillion-dollar Ponzi scheme.

However, Solamere Capital’s statement, provided to ABC News, is false. Disclosures from the Securities and Exchange Commission show that Tagg’s company indeed maintains ties with the Ponzi-linked firm, Solamere Advisors.

The claim that Solamere Group didn’t invest directly in Solamere Advisors, the firm employing former Stanford employees, appears to have been an attempt to shield Mitt Romney. Mitt invested about $10 million into Tagg’s Solamere Capital venture, which would suggest Mitt has a direct financial relationship with folks involved in a Ponzi scheme. That’s because Solamere Capital pools together investment money to co-invest in other companies.

It’s also interesting to note that this revelation is only available because of the new reporting requirements for Dodd-Frank. No wonder Romney doesn’t like that legislation.

All of this, of course, brings us back to the critical problem of Mitt Romney’s missing tax documents.

Until Mitt Romney produces his full returns for the past ten years, rather than the scrubbed version of the last two years, that is missing a lot of details, we simply do not know the full extent of what he’s involved in or where. And whether it’s even criminal.

Chris in Paris
An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.